Charles Schwab Investment Management Inc. increased its stake in shares of National Grid plc (NYSE:NGG - Free Report) by 134.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,827 shares of the utilities provider's stock after buying an additional 35,451 shares during the period. Charles Schwab Investment Management Inc.'s holdings in National Grid were worth $4,307,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of National Grid in the 2nd quarter worth approximately $37,000. Fortitude Family Office LLC bought a new stake in shares of National Grid in the third quarter valued at $37,000. Eastern Bank purchased a new position in shares of National Grid during the 3rd quarter valued at $42,000. Blue Trust Inc. lifted its position in shares of National Grid by 778.5% during the 2nd quarter. Blue Trust Inc. now owns 1,063 shares of the utilities provider's stock valued at $60,000 after buying an additional 942 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of National Grid during the 2nd quarter worth $68,000. Institutional investors own 4.68% of the company's stock.
National Grid Stock Up 0.3 %
Shares of NYSE NGG traded up $0.16 during mid-day trading on Friday, hitting $59.63. The company had a trading volume of 588,174 shares, compared to its average volume of 537,637. The stock's 50-day moving average price is $64.10 and its 200-day moving average price is $63.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.61 and a quick ratio of 1.54. National Grid plc has a 1 year low of $55.13 and a 1 year high of $73.40.
National Grid Dividend Announcement
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, November 22nd will be given a dividend of $2.4939 per share. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Friday, November 22nd.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on National Grid in a research note on Wednesday, October 2nd. They issued a "buy" rating on the stock. Citigroup downgraded shares of National Grid from a "buy" rating to a "neutral" rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on NGG
National Grid Profile
(
Free Report)
National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.
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